Gediminas Bulota And Rob Sekula Of North Park Ventures Purchase Industrial Asset In Melbourne For $3.525M
SOLD
$3,525,000
Florida
See Similar DealsIndustrial30,000 SF
Sold 10/31/2025
SOLD
Gediminas Bulota And Rob Sekula Of North Park Ventures Purchase Industrial Asset In Melbourne For $3.525M
4200 Dow Road
See Similar DealsIndustrial30,000 SF
Sold 10/31/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$117
Total Square Footage:30,000 SF
Transaction Type:Sale
The industrial asset located at 4200 Dow Road in the Melbourne market has been sold for a transaction amount of $3,525,000. The property encompasses a total area of 30,000 square feet, equating to a price per square foot of $117.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,525,000
- Address: 4200 Dow Road
- Market: Melbourne
- Buyer: Gediminas Bulota & Rob Sekula - North Park Ventures
- Seller: Ramesh Patel - Papa Bear Holdings
- Broker: Pablo Vignolo - The Hype Real Estate Group
Gediminas Bulota and Rob Sekula, representing North Park Ventures, completed the purchase of the property from seller Ramesh Patel, who is associated with Papa Bear Holdings. The transaction was facilitated by broker Pablo Vignolo from The Hype Real Estate Group, highlighting the involvement of key real estate professionals in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$187,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,523.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,710.30
Annual Debt Service$200,523.58
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